GSCM440 2020 MAY Week 3 Quiz Latest

GSCM440 Supply Chain Procurement Management & Global Sourcing

Week 3 Quiz

Question 1 What kinds of decisions does a typical supply manager make?

Strategic

operational

both A and B

No answer text provided.

Question 2 Differentiate between purchasing, procurement, materials management, logistics, supply management, and supply chain management.

Question 3 How can the expectations of supply differ for private versus public organizations?

Private organizations are not out to make a profit,

Public organization are profit driven

public organization support maintenance of facilities and

Question 4 What role can (should) supply play in determining a firm’s strategy in the area of social issues and trends?

Question 5 What are the levels of a Strategic Plan

Corporate, Business Unit, Function

Quality Management

Managing Inventory

Question 6 What are the challenges faced by a supply manager working in a highly centralized structure? In a highly decentralized structure?

Question 7 What are some advantages of centralization of your supply structure?

Strategic focus

Lack of business unit focus

excessive cost

No answer text provided.

Question 8 What are examples of steps in a robust supply management process?

Large number of items

Need for an Audit Trail

recognition of need

A and B correct

Question 9 When would you issue an RFQ rather than an RFP and why?

RFQ has a clear description of need

RFP is more complex

RFQ is more standardized

all of the above

Question 10 What should be considered before switching from an existing EDI system to a Web-based system?